HC Deb 26 January 1978 vol 942 cc778-9W
Mr. Woof

asked the Chancellor of the Exchequer what loans and guarantees have been approved by the European Investment bank for projects in the North-East development area since 1st January 1974.

Mr. Robert Sheldon

Since 1st January 1974 the European Investment Bank has approved loans totalling £125,887,000 for projects in Northumberland, Tyne and Wear, County Durham and Cleveland. Details are as follows:

and Inquiries Act to investigate the conduct at the Bank of England and other major banks regarding the lifeboat scheme.

Mr. Denzil Davies


Mr. Skinner

asked the Chancellor of the Exchequer whether he will now announce the names of all those institutions covered by the lifeboat scheme since its launching in 1973.

Mr. Denzil Davies

No. The lifeboat scheme devised by the Bank of England was essentially a means of recycling deposits within the banking system. The English and Scottish clearing banks provided the majority of the recycled deposits and it would be contrary to normal banking confidentiality to reveal the names of those institutions which have received assistance through the scheme.